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AK SJR7
Joint Resolution
AI Summary
- Proposes constitutional amendment requiring voter approval in a statewide election held more than 120 days after enactment before any new state tax established by the legislature can take effect
- Requires legislative-initiated tax laws to become effective 90 days after voter approval unless a two-thirds vote of both houses specifies an earlier effective date
- Requires legislature to approve voter-initiated tax laws by majority vote in joint session before the next regular session's adjournment, or the initiated tax is rejected
- Requires a two-thirds vote in each house of the legislature to change the rate of any existing state tax, while preserving voters' rights to change tax rates through initiative or referendum
- Directs placement of proposed amendments on the ballot at the next general election in accordance with state constitutional and election law procedures
Legislative Description
Const. Am: State Tax; Voter Approval
Taxation
Last Action
REFERRED TO FINANCE
5/10/2021
Committee Referrals
Finance5/10/2021
State Affairs1/22/2021
Full Bill Text
No bill text available